Chinese Solar Factories Shift
This is a Vietnam news story, published by Yahoo Finance, that relates primarily to Imperial Star Solar news.
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Chinese solar companiesReuters
•Chinese solar firms, ever-nimble, go further afield where US tariffs don't reach
79% Informative
Some of the biggest Chinese -owned solar factories in Vietnam are cutting production and laying off workers.
Meanwhile, in nearby Indonesia and Laos , a slew of new solar plants are popping up, out of the reach of Washington 's trade protections.
China accounts for about 80% of the world's solar shipments, while its export hubs elsewhere in Asia make up much of the rest.
Chinese solar companies are flocking to Indonesia motivated by the tariffs on Vietnam , an Indonesian industry ministry official says.
U.S. solar imports from Vietnam up 74% through August , industry analysts say.
Industry analysts have attributed the jump to the frontloading of exports to get ahead of this year 's tariffs.
Chinese companies seeking greener pastures in Laos include Imperial Star Solar .
VR Score
90
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96
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